Distributed Temperature Sensing (DTS) Market Overview:

Global Distributed Temperature Sensing (DTS) Market was valued at $486 million in 2015, and is expected to reach $819 billion by 2022, growing at a CAGR of 7.9% from 2016 to 2022.

Distributed temperature sensing (DTS) is a real-time temperature measurement technique that provides continuous monitoring for the entire length of the cable covering all the critical measurement points. A DTS system was mainly developed for the oil & gas industry to assist reservoir engineers in optimizing the monitoring techniques. The growth of DTS market is attributed to the supportive government policies pertaining to safety. Moreover, high demand from oil & gas industry, coupled with high reliability and wide coverage of DTS systems, is expected to fuel the market growth significantly. However, complex fault detection and troubleshooting process hinder the market growth. Rise in investment in smart grid technology and power industry is expected to offer new opportunities for market expansion.

The DTS industry is consolidated with top five industry participants occupying a significant market share. These players have adopted product launches, expansions, acquisitions, partnerships, and agreements as their key strategies to strengthen their market position and expand their geographical presence.

Distributed Temperature Sensing (DTS) Market Segment Review

The global DTS market is segmented on the basis of fiber type, operating principle, and application. The fiber segment is bifurcated into single-mode and multimode fibers. Based on the operating principle, the market is divided into optical time domain reflectometry (OTDR) and optical frequency domain reflectometry (OFDR). Application-wise, it is classified into oil & gas production, power cable monitoring, pipeline leakage detection, fire detection, environmental monitoring, and other applications. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Global DTS Market Scenario

Distributed temperature sensing has become an integral part of various industries. It carries out real-time downhole monitoring to enhance the operational performances of the assets. Further, it enables the reservoir engineers to gain better understanding of the production dynamics and accordingly improve recovery, leading to improved profits. Oil & gas and power cable monitoring industries constituted the largest market share, owing to impending need of monitoring of wells & reservoirs and temperature distribution in long-distance power lines.

Distributed Temperature Sensing (DTS) Market Top Investment Pockets

Oil & gas production and power cable monitoring hold maximum market potential for DTS. These two applications have generated substantial revenue and are expected to witness high growth rates during the forecast period. Moreover, environmental monitoring and fire detection segments are analyzed to be the most attractive applications of the DTS market.

Increase in rules and Regulations Pertaining Safety Standards

Supportive government policies pertaining to safety and increase in industrialization & construction activities, mainly in technologically advancing countries such as China, India, and Brazil, drive the implementation of DTS systems rapidly. DTS system provides temperature details along the length of the cable, thus enhancing the safety of equipment and surroundings. Various countries are extensively participating in formulating strict and obligatory OSH standards and legislations to ensure operational safety. For instance, in June 2014, the EU adopted a directive on safety of offshore oil & gas operations, which covers the whole life cycle of all exploration and production activities from design to the final removal of an oil or gas installation. Therefore, increasing safety norms and supportive government policies globally have accelerated the growth of the DTS market.

Potential Benefits for Stakeholders

This report provides an in-depth analysis, including current trends and future estimations, of the global DTS market to identify lucrative investment opportunities

Key drivers, opportunities, and restraints that impact the market growth are analyzed.

Porter’s Five Forces analysis highlights the potency of buyers & suppliers to facilitate better business decisions for stakeholders and strengthen their supplier & buyer networks.

Market estimation of geographical regions is based on the current market scenario and future trends.

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Over the past few years, distributed temperature sensing has become an integral part of various industries, as it assists in real-time downhole monitoring to enhance the operational performances of the assets. Furthermore, it enables the reservoir engineers to gain a better understanding of the production dynamics and accordingly improve recovery, leading to improved profits. The growth of the DTS market is attributed to increase in safety norms and supportive government policies regarding DTS. Moreover, high demand from oil & gas industry and attributes such as high reliability and wide coverage of DTS systems are expected to boost demand for DTS systems significantly.

In 2015, oil & gas production and power cable monitoring sectors collectively constituted largest market share, owing to impending need of monitoring of wells & reservoirs, and temperature distribution in long-distance power lines. Further, OTDR is the most widely used operating principle, and has been in use since the inception of DTS. This principle uses the time-of-flight technology to measure the backscattered light during the Rayleigh scattering and Fresnel reflecting in the optical transmission generated by a narrow laser pulse.

Considering the regional trends of the DTS market, LAMEA is projected to hold the largest market size in the future. Asia-Pacific is expected to witness significant growth rate, owing to increased demand for DTS systems in the oil & gas and power transmission sectors, and the presence of major players. In addition, North America and Europe are expected to witness slow growth rates in terms of adoption of DTS devices.

Leading players are expected to explore newer technologies and applications to meet the growing demands of customers. Collaborations and acquisitions are expected to enable players to enhance their product portfolios and expand into different geographies.

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